Suburb Profile Report for St Lucia QLD (4067)

St Lucia House: Median price $968,900, Annual capital growth 5.08%, Number of sales 82, Weekly median advertised rent $550

St Lucia Unit: Median price $437,000, Annual capital growth 3.17%, Number of sales 148, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3962th in the list of Australian suburbs ordered by increase in median house value over the last year, St Lucia, 4067 is in the BOTTOM 10% with a property value increase of -14.86% recorded in median house prices.

Taking the average capital gain, or increase in median house value, St Lucia,4067 has racked up an average of -14.86% over the period. This ranks it number 3707th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -7.76% to buyers in St Lucia at the moment, which is less than average for the rest of QLD.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.95%, without taking into account capital value appreciation, which has been averaging out at 5.08%.

St Lucia, 4067 ranked 331th in QLD when comparing growth in median property values or capital gain over the last 12 months. St Lucia is one of 2415 in our list for QLD

While St Lucia,4067 ranked number 286th in QLD for increase in median house value (annualised) increase, it is ranked 230th over the last 5 years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.79% offered to property buyers. Sellers in St Lucia itself are offering an average vendor discount of -5.41% to real estate investors.

Residents and property investors in St Lucia have been waiting around 73.9 days to sell a property.

St Lucia, 4067’s gross rental yield is 5.24%

YIP MAG Information supplied by:

YIP MAG
March 2016

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A highly popular Brisbane suburb, St Lucia is dominated by the main campus of the University of Queensland.Full summary A highly popular Brisbane suburb, St Lucia is dominated by the main campus of the University of Queensland.

It’s located just 4km from the Brisbane CBD and has a significant amount of Brisbane River frontage.

Aside from a high student population, the area draws a diverse crowd of wealthy professionals and families.

St Lucia will always be a popular area for students, but its leafy, riverside settings – conveniently close to the CBD – mean it will continue to have a future as a family area as well.

However, there are signs that affordability constraints are starting to bite.

With a median house value of $1.03m, there haven’t been that many takers during the past 12 months.

This is significantly lower than the 7% growth the suburb recorded the previous year, according to OnTheHouse.com.au.

Units are more affordable at under the $500k mark, but the growing supply near the river is weighing on prices.Close
HOUSE UNIT
$968,900 $437,000
-5.01% -2.56%
-14.86% -12.60%
5.08% 3.17%
$550 $440
82 148
2.95% 5.24%
74.24 73.9

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 11194
Median household income ($/weekly) 1315
Median age of persons 23
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    15-19 years 1890 16.9
    20-24 years 3335 29.8
    25-34 years 1908 17.0
    35-44 years 832 7.4
    55-64 years 784 7.0
    Others 2446 21.8
    Age Group
    Census Count Percent(%)
    Not Married 4683 62.4
    Registered Married 2278 30.3
    Defacto Relationship 547 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5874 55.7
    Croatia 629 6.0
    Malta 553 5.2
    Singapore 461 4.4
    Other 775 7.4
    Others 2248 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 593 5.9
    Christianity 4964 49.4
    Hinduism 199 2.0
    Islam 592 5.9
    No Religion 3608 35.9
    Others 101 1.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 267 8.5
    $400-$599 250 7.9
    $1,250-$1,499 254 8.1
    $1,500-$1,999 359 11.4
    $2,500-$2,999 345 10.9
    Others 1677 53.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4355 44.6
    Employed, worked full-time 2168 22.2
    Employed, worked part-time 2165 22.2
    Unemployed, looking for work 761 7.8
    Employed, away from work 319 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 411 8.8
    Professionals 1981 42.6
    Community & personal service workers 565 12.1
    Clerical & administrative workers 610 13.1
    Sales 512 11.0
    Others 575 12.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 422 6.8
    Secondary 234 3.7
    Technical or Further Educational Institution 91 1.5
    University or other Tertiary Institutions 5370 85.9
    Other type of educational institution 70 1.1
    Others 64 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4211 49.5
    Separate house 3684 43.3
    Semi-detached, row or terrace house, townhouse 595 7.0
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1945 56.7
    Fully owned 952 27.8
    Being purchased 521 15.2
    Other tenure type 12 0.3
    Tenure Type
Census 2011, ABS
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